Sunday, April 12, 2009

Report States Downtown Continues to Lose Jobs

The Brookings Institution recently released a report which shows that every major metropolitan area has seen downtown job losses increase as jobs move to the suburbs. According to the report, this “job sprawl” could create long-term economic consequences for the nation.The report, Job Sprawl Revisited: The Changing Geography of Metropolitan Employment, analyzed the trends in job distribution in large metro areas and how they differed across major industries. In total, 98 of the largest metropolitan areas were analyzed. There were four major findings:1. Only 21 percent of employees in the top 98 metro areas work within three miles of downtown, while over twice that share (45 percent) work more than 10 miles away from the city center.2. Job location within metropolitan areas varies widely...

 
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